Is the cost of capital different from family firms? (Record no. 43614)
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000 -LEADER | |
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fixed length control field | 01164nab a22001217a 4500 |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 160615b1999 xxu||||| |||| 00| 0 eng d |
100 ## - MAIN ENTRY--PERSONAL NAME | |
Personal name | McConaughy, Daniel L |
245 ## - TITLE STATEMENT | |
Title | Is the cost of capital different from family firms? |
Statement of responsibility, etc. | McConaughy, Daniel L. |
260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
Date of publication, distribution, etc. | 1999 |
300 ## - PHYSICAL DESCRIPTION | |
Extent | 353 - 360 |
520 ## - SUMMARY, ETC. | |
Summary, etc. | It has been suggested that the cost of capital for a family firm depends on, among other things, a family effect, which deals with the family's relation to its business. Financial theory regarding the cost of capital states that the cost of capital is a market-based function of the characteristics of the investment, not the investor. This theory suggests that a firm's cost of capital does not depend on a family effect. However, not all financial economists' assumptions regarding the cost of capital hold for the family firm. This paper reviews the relevant literature regarding the cost of capital and applies it to the family firm. Knowing the correct cost of capital will enable family owner-managers to make better investment and financing decisions, evaluate performance, and structure rewards for performance. |
773 ## - HOST ITEM ENTRY | |
Main entry heading | Family Business Review |
Place, publisher, and date of publication | Dec |
Withdrawn status | Lost status | Damaged status | Not for loan | Permanent Location | Current Location | Date acquired | Serial Enumeration / chronology | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from | Koha item type |
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Ahmedabad (HO) | Ahmedabad (HO) | 21/06/2016 | Vol. 12, Issue. 4 | 020084 | 21/06/2016 | 21/06/2016 | Articles |